Annual Report & Accounts
A requirement was introduced in England and Wales for local authorities administering a Local Government Pension Scheme (LGPS) to produce a Pension Fund Annual Report (to be published by 1 December), which includes reports on:
- the management and financial performance of the LGPS funds
- investment policy and investment performance
- the administration arrangements during the year
- a statement by the actuary on the level of funding of the scheme
- a governance compliance statement
- a net asset statement and fund account for each fund
- compliance with the pension administration strategy
- a funding strategy statement
- a statement of investment principles
- a statement of policy relating to communications with members and employers
- other appropriate material